OneAscent

Portfolio managers at OneAscent tend not to invest alongside their shareholders, detracting from the overall stewardship assessment. None of the firm’s assets are covered by an invested manager. Only two years of average asset-weighted tenure among OneAscent's longest-tenured managers gives us pause. In isolation, seasoned teams tend to have more experience to draw upon should they need to navigate turbulent market conditions. Lofty fees for the firm's open-end and exchange-traded funds are a weakness, contributing negatively to OneAscent's rating and creating a larger performance hurdle. The firm's fund fees, on average, fall within the second most-expensive quintile of similarly distributed strategies.